Geode Capital Management LLC Purchases 88,068 Shares of Couchbase, Inc. (NASDAQ:BASE)

Geode Capital Management LLC grew its position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 944,447 shares of the company's stock after buying an additional 88,068 shares during the quarter. Geode Capital Management LLC owned 1.84% of Couchbase worth $15,228,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Couchbase by 34.9% during the second quarter. Bank of New York Mellon Corp now owns 164,149 shares of the company's stock worth $2,997,000 after acquiring an additional 42,434 shares during the period. Pembroke Management LTD raised its stake in shares of Couchbase by 18.1% during the 2nd quarter. Pembroke Management LTD now owns 809,876 shares of the company's stock worth $14,788,000 after purchasing an additional 123,927 shares during the period. Rhumbline Advisers boosted its holdings in shares of Couchbase by 14.3% in the 2nd quarter. Rhumbline Advisers now owns 53,544 shares of the company's stock worth $978,000 after buying an additional 6,707 shares during the last quarter. Arizona State Retirement System grew its position in Couchbase by 28.5% during the second quarter. Arizona State Retirement System now owns 11,032 shares of the company's stock valued at $201,000 after buying an additional 2,445 shares during the period. Finally, Acadian Asset Management LLC grew its position in Couchbase by 17.6% during the second quarter. Acadian Asset Management LLC now owns 309,737 shares of the company's stock valued at $5,653,000 after buying an additional 46,298 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

Insider Transactions at Couchbase

In other Couchbase news, CFO Gregory N. Henry sold 3,853 shares of Couchbase stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $15.14, for a total transaction of $58,334.42. Following the completion of the sale, the chief financial officer now directly owns 336,679 shares in the company, valued at $5,097,320.06. The trade was a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Huw Owen sold 7,575 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $15.22, for a total transaction of $115,291.50. Following the completion of the transaction, the senior vice president now directly owns 341,709 shares in the company, valued at $5,200,810.98. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,140 shares of company stock valued at $219,004. 16.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on BASE shares. UBS Group dropped their target price on shares of Couchbase from $24.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. Needham & Company LLC reissued a "buy" rating and set a $22.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Barclays raised their target price on Couchbase from $19.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Piper Sandler reaffirmed an "overweight" rating and set a $21.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Morgan Stanley decreased their price objective on Couchbase from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.13.

Couchbase Stock Performance

NASDAQ BASE traded up $0.03 on Monday, hitting $15.27. The stock had a trading volume of 316,253 shares, compared to its average volume of 484,449. The firm has a 50-day moving average of $17.52 and a 200-day moving average of $17.27. Couchbase, Inc. has a 52-week low of $13.53 and a 52-week high of $32.00. The company has a market capitalization of $799.35 million, a price-to-earnings ratio of -9.54 and a beta of 0.71.

Couchbase Profile

Couchbase, Inc provides cloud database platform for enterprise applications in the United States and internationally. Its database works in multiple configurations, ranging from cloud to multi- or hybrid-cloud to on-premise environments to the edge. The company offers Couchbase Capella, an automated and secure Database-as-a-Service that simplifies database management by deploying, managing, and operating Couchbase Server across cloud environments; and Couchbase Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++ that allows for a various array of data manipulation functions.